{"id":633928,"date":"2024-02-12T11:34:21","date_gmt":"2024-02-12T06:04:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=633928"},"modified":"2024-02-12T11:34:21","modified_gmt":"2024-02-12T06:04:21","slug":"ifc-adb-just-climate-in-race-to-buy-fourth-partner-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ifc-adb-just-climate-in-race-to-buy-fourth-partner-energy\/","title":{"rendered":"IFC-ADB, just climate in race to buy fourth partner energy"},"content":{"rendered":"<p>London-based energy fund Just Climate LLP and a consortium of World Bank arm International Finance Corporation (IFC) and Asian Development Bank (ADB) are in separate talks to acquire a majority stake in renewable energy firm Fourth Partner Energy, two people aware of the development said.<\/p>\n<p>The proposal involves buying private equity firm TPG Capital&#8217;s 52% stake in Fourth Partner and making an additional investment in the Hyderabad-based company by purchasing new shares, at an enterprise valuation of $1 billion, they said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>London-based energy fund Just Climate LLP and a consortium of World Bank arm International Finance Corporation (IFC) and Asian Development Bank (ADB) are in separate talks to acquire a majority stake in renewable energy firm Fourth Partner Energy, two people aware of the development said. The proposal involves buying private equity firm TPG Capital&#8217;s 52% stake in Fourth Partner and making an additional investment in the Hyderabad-based company by purchasing new shares, at an enterprise valuation of $1 billion, they said.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-633928","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/633928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=633928"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/633928\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=633928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=633928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=633928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}